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Persistent link: https://www.econbiz.de/10013476862
This paper introduces a Bayesian decision theoretic model of optimal production in the presence of learning-curve uncertainty. The well-known learning-curve model is extended to allow for random variation in the learning process with uncertainty regarding some parameter of the variation. A...
Persistent link: https://www.econbiz.de/10009191248
The utility of the generalized assignment problem (GAP) is well known in regard to resource allocation problems arising in the areas of production planning, scheduling, and facility location. This paper introduces an important generalization of the GAP, which is called the 0-1 generalized...
Persistent link: https://www.econbiz.de/10009191663
We consider the optimal allocation of a resource in a single-facility production environment in the presence of capacity-based economies and diseconomies of scope. This setting generalizes the usual approach to single-facility resource allocation by allowing for the effective capacity of a...
Persistent link: https://www.econbiz.de/10009197312